Sarita Scherpereel & Michael Hall Facilitate $1.1 Multifamily Sale In Chicago
1018 West Roscoe Street
$1,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 29, 2024
AI
A multi-family property located at 1018 West Roscoe Street in Chicago was sold for $1,100,000. The property consists of three units, with each unit priced at approximately $366,667. The asset, situated in Lakeview, offers various amenities such as in-unit laundry, private decks, and parking spaces that are rented out through the SpotHero App.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 1018 West Roscoe Street
- Market: Chicago
- Units: 3
- PPU: $366,667
Sarita Scherpereel from GC Realty and Development represented the buyer during the transaction, while Michael Hall from Baird & Warner acted as the seller's representative in the sale of the property.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93